#$amd

5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:

Advanced Micro Devices, $AMD, comes into the week at resistance. It has a RSI in the bullish zone with the MACD crossing up and positive. Look for a push over resistance to participate…

Cboe Global, $CBOE, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…

Capital One Financial, $COF, comes into the week at resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…

Illumina, $ILMN, comes into the week approaching resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…

Microsoft, $MSFT, comes into the week at short term resistance. It has a RSI in the bullish zone with the MACD positive. Look for a push over resistance to participate…

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After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which heading into earnings season and the July options expiration week, saw equity markets exhibit continued strength holding at the highs.

Elsewhere, look for Gold to continue to consolidate in its uptrend while Crude Oil drifts up in consolidation. The US Dollar Index continues to drift higher in the short term move to the downside at more than 3 year lows while US Treasuries consolidate in their downtrend. The Shanghai Composite looks to continue the move higher in consolidation while Emerging Markets continue their break to the upside.

One of the big reasons behind the incredible market strength this year has been the much-touted “A.I. narrative” that has invaded almost every feature of the news cycle. Even coffee shops and tattoo artists are involving A.I. into their business models to the extent that they can get away with. It’s been amazing and strange, even perhaps surreal. Be that as it may, many of the semiconductor…

In this weekend’s article, I will examine a few of the things I have been discussing about the situation locally, and then I will turn to a discussion about the long-term picture. In that discussion on the long-term picture, I will lay out “Three Coming Errors” that I expect market participants to make over the coming 6-9 months, and I believe those 3 errors will govern the structure that unfolds…

5 Trade ideas excerpted from the detailed analysis and plan for premium subscribers:

Advanced Micro Devices, Ticker: $AMD

Advanced Micro Devices, $AMD, comes into the week pressing up to resistance. It has a RSI rising into the bullish zone and a MACD positive and rising. Look for a push over resistance to participate…..

Check Point Software Technologies, Ticker: $CHKP

Check Point Software Technologies, $CHKP, comes into the week pressing up to resistance and the gap from April. The RSI is rising toward the bullish zone with the MACD about to turn positive. Look for a push over resistance to participate…..

Cummins, Ticker: $CMI

Cummins, $CMI, comes into the week at resistance. The RSI is poking into the bullish zone with the MACD positive and rising. Look for a push over resistance to participate…..

Capital One Financial, Ticker: $COF

Capital One Financial, $COF, comes into the week at support. It has a RSI turning lower with the MACD leveling and negative. Look for a break of support to participate…..

JB Hunt Transport Services, Ticker: $JBHT

JB Hunt Transport Services, $JBHT, comes into the week at resistance. It has a RSI rising toward the bullish zone with the MACD pushing positive. Look for a push over resistance to participate…..

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After reviewing over 1,000 charts, I have found some good setups for the week. These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which heading into the second week of June and the last week before the next FOMC meeting, saw equity markets take a breather, digesting the strong finish to the prior week.

Elsewhere look for Gold to pause in its short term move higher while Crude Oil drives towards a retest of the March highs. The US Dollar Index continues to hold just below resistance while US Treasuries move lower. The Shanghai Composite looks to continue the short term move higher while Emerging Markets continue their downtrend.

AMD, $AMD, spent 4 months in consolidation after a small bounce from the March low. It the exploded higher to a top in August. It has been consolidating under resistance, with one failed break out, ever since. The price ended Friday at resistance with the Bollinger Bands® turned higher. 

The RSI is rising into the bullish zone with the MACD positive and moving higher. There is resistance at 88.25 and then 94. Support lower comes at 86 and 83 before 79. Short interest is moderate at 3.9%. The stock does not pay a dividend. The company is expected to report earnings next on January 26. The 

December options chain shows large open interest from 82.50 to 85 then again at 80 and 75 on the put side. On the call side it builds to a peak at 90 and remains large through 100. The January chain sees open interest build from 90 to a top level at 75 on the put side. On the call side it builds from 75 to a peak at 100. The February chain is the first to cover the next earnings report. It is still building but has largest open interest at the 75 put and then the 87.50 and 100 calls.

AMD, Ticker: $AMD 

Trade Idea 1: Buy the stock on a move over 88.50 with a stop at 86.

Trade Idea 2: Buy the stock on a move over 88.50 and add a December 88/86 Put Spread ($1.20) while selling the December 96 Call ($1.13).

Trade Idea 3: Buy the December/February 92.50 Call Calendar ($4.65) and sell the December 83.50 Put ($2.15) to lower the cost.

Trade Idea 4: Buy the February 75/90/100 Call Spread Risk Reversal (35 cents).

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After reviewing over 1,000 charts, I have found some good setups for the week.  These were selected and should be viewed in the context of the broad Market Macro picture reviewed Friday which heading into the first week of December, sees equity markets have moved out of consolidation and are showing strength.

Elsewhere look for Gold to continue its pullback while Crude Oil drives higher. The US Dollar Index continues to move to the downside while US Treasuries resume the move lower. The Shanghai Composite looks to continue press against resistance while Emerging Markets trend to the upside.